NZD/USD Trading Analysis (01/09/2025)
The trend is downward. The currency pair is trading within the 365-135 EMA range. The ascending inner wave structure has been truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator indicates an overbought condition.
Trade idea:
- Sell at the beginning of the downward wave formation when wave A breaks the sloping channel of the truncated ascending structure.
- Stop-loss at 0.5914.
- Price targets are 0.5863 and 0.5820.
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